Posts Tagged ‘Best Business Advice’

What Makes a Good Boss?

Monday, August 2nd, 2010

Almost 25 years ago, an article in ‘Business’ magazine described the ten qualities employees most wanted their bosses to possess.  A lot has changed in the world since then, but these (with some updating by me) still look good.

1. Establishing organization clarity

a.  Establishing clear goals and standards

b.  Communicating group (not just individual) goals

c.  Involving people in setting goals (not just dictating them)

d.  Delegate responsibility clearly

2.  Encouraging open, two-way communication

a.  Open and candid when dealing with people

b.  Honest, direct and to the point

c.  Establishing a climate of openness and trust

3.  Willingness to coach and support people

a.  Supportive and helpful

b. Working constructively (and decisively) to correct performance problems

c.  Going to bat for subordinates

4.  Providing ‘objective’ recognition

a. Recognize good performance more often than criticizing performance problems

b. Tying rewards to excellence of job performance (vs seniority or personal relationships)

5.  Establishing ongoing controls

a.  Following up in a timely manner

b.  Giving ‘real-time’ feedback on how subordinates are doing

6.  Selecting (and keeping) the right people

a.  Both bringing the ‘right’ people on and exiting those who don’t fit

7.  Understanding the financial implications of decisions

8.  Encouraging innovation and new ideas

a.  Surprisingly, this was seen as important regardless of how conservative or traditional the company

9. Making decisions and ensuring the organization executes successfully

10.  Demonstrating high levels of integrity

a.  Doing the ‘right’ thing, both internally an externally

Anything you would add or omit?  Which one is the most important to you?

Best Business Advice

Thursday, June 10th, 2010

Once a month, I have the opportunity to spend a half day with about 10 CEO’s from a variety of different businesses, talking about issues they are facing and sharing perspectives. It’s a great group who really care about each other and offer thoughtful, insightful advice. Last month, on a whim, I asked them to share the best business advice they had ever received. Here’s what they had to say:

“Leaders Lead”
“Don’t do Retail”
“Don’t take it personally”
“Hire slow, fire fast”
“Hire people with good judgment”
“Don’t try to do everything”
“Make sure you know your cash position on Friday”
“You’ve got to do what’s right”
“Keep the ‘main thing’ the main thing”

What’s yours?

Cheers,

Amelia